Norwegian investor Storm Real Estate is hoping to raise up to NOK 506 mln (EUR 65 mln) in a capital increase to be launched on Oslo's stock exchange next month. The fund, which is managed by Storm Capital Management, said in a statement that it has applied for the listing of 23 million new shares in a move which will allow it to raise fresh equity for investment in Russian commercial property.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
